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What causes time and cost overruns in marine construction projects?
Jul 28: An Investigation into Factors Causing Time and Cost Overrun in Marine Construction Projects in India identified 45 different parameters.
8The factors responsible have been categorized under planning and executions stages
8Under execution, poor project monitoring is the number one cause for time and cost overrun
8Under planning, the main culprit is the lack of a defined project management plan
8This survey is of importance to those who are in the construction business, as it helps identify the key problems areas, which can then be mitigated through proactive action
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